Mine UOB Plat is just having a CL of RM1K

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Added on July 29, 2009, 7:27 amActually I have to agree with Winner, when the SCB VI was first launched, it was based on their HK model, which was strictly by invitation only and the target then was 10K cards only. But not sure why they did a 360' turn and now every Tom, D*** & Harry seems to be having it

And to top it all, they have also made their Plat card offerings one of the easiest to get in the industry

This post has been edited by tgeoklin: Jul 29 2009, 07:28 AM

Its not the One Card but the actual preferred plat card

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Added on July 29, 2009, 9:24 amI needed to refinance a property but they say my credit rating over exposed, thus I needed to scale back, so only option was to reduce my CC limit to the minimum, which is RM1K

This post has been edited by tgeoklin: Jul 29 2009, 09:24 AM

No need that drastic .... lock it up in your safe for private viewing only would definitely makes it more exclusive

Actually its pretty simple. As a rule of thumb, take your total gross annual income, divided by 3 and if that amount is less than 10% of your total Credit Exposure ie. not O/S only, then chances are you are screwed

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Added on July 30, 2009, 7:21 amWelcome to the Club and good to know its not such a lonely world out there

* to everyone out there, its not really a good thing to have high high CLs unless you absolutely need it, otherwise later want to buy house. car etc will have trouble getting financing

This post has been edited by tgeoklin: Jul 30 2009, 07:21 AM

Its inclusive of all facilities granted & outstanding, whichever is higher, wheather utilised or not also included ie. CC limits for example

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Added on July 30, 2009, 1:02 pmIt does not care about the number of cards you have but how much your potential exposure is. But if your income > financial exposure, then sure no problem

This post has been edited by tgeoklin: Jul 30 2009, 01:03 PM

Good paymaster only comes into play upto a certain limit. But since my CL itself already at the top tier level, not including other loan commitments, its not surprising for them at all. In fact I am currently ineligible to be approved for any CCs for good now, unless its with my existing banks ie. shared CL

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Added on July 30, 2009, 1:17 pmYes you can, and if need be, then only cancel

This post has been edited by tgeoklin: Jul 30 2009, 01:17 PM

First off, if the loan just approved before full drawdown will not be captured in CRIS yet. Secondly, if with the same bank that provides your CC then easier as then its somewhat secured. Further, the formula scale per your exposure and what's yr defination of high CL is quite subjective as well, right?

This post has been edited by tgeoklin: Jul 30 2009, 02:38 PM

Well, put it this way, if say existing card is RM1K CL, even with a 100% increase, its insignificant, thus as your exposure level increases then the restrictions starts setting in

Don't take it critically as its not meant to say your CL is low etc. But just for information sharing, in the banking circle, there are 3 Tiers just only for Plat cards in general ie. Tier 3 are those sub RM100K CL, Tier 2 at RM100 to RM200K CL and Tier 1 which is from RM200K to RM300K max. So in the scheme of things that are, you can be considered in the lowest risks category, which means a higher/flexible exposure range

Do also keep in mind that different banks have different appetite for risks, so while it may be a no go at one bank, does not mean that another will also be the same. Banks like CIMB are amongst the more adventurous while PBB is considered very conservative.

This post has been edited by tgeoklin: Jul 30 2009, 06:00 PM

So taking your case as an example, if you are to say buy another property, you may have problem getting a loan at good terms or higher financing margins etc. Can try and see and brief us accordingly

Margin financing as in shares, right? That's 100% secured so do not count normally

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Added on July 30, 2009, 6:58 pmYou are most welcome.

This post has been edited by tgeoklin: Jul 30 2009, 06:58 PM

Woh, if the above is true then we all have really been scammed by SCB/HSBC etc. Including their merchant charges, they stand to gain 5% minimum on our overseas expenses in just a month, so RM100K they already took RM5K, better than Ah Long lah

I think you should follow up to determine how they charge irregardless that your company is footing the bill. You can probably claim back the differences if they are not adhering to their terms & conditions

Erh, normally in the Malaysian context, most probably no but if you are a frequent traveller, then even RM300K can be a paltry limit, thus the need for a charge card

No need argue. You can call up Mastercard Malaysia directly or check it via their website if in doubt

The last time I did that a few years back, all you need is a pin number. You can then proceed to register yourself and your account. All you need is to input any 1 account's number. The rest will be visible after you are securely logged in. Hope that helps. No assistance from CS required. Hope that helps

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Added on September 15, 2009, 7:33 amThe entry income level is fixed by BNM for all cards applicants. All financial institutions are bound to comply.

This post has been edited by tgeoklin: Sep 15 2009, 07:33 AM